Maxed Out: Inside America's Credit Card Debt Crisis. Credit Card Companies Are SHUTTING DOWN Lending in Less Than A Week
![Maxed Out: Inside America's Credit Card Debt Crisis. Credit Card Companies Are SHUTTING DOWN Lending in Less Than A Week](https://video.newsserve.net/v/20240101/1704114638-Maxed-Out-Inside-America-apos-Credit-Card_hires.jpg)
Maxed Out: Inside America's Credit Card Debt Crisis. Credit Card Companies Are SHUTTING DOWN Lending in Less Than A Week
Credit cards have become our emergency funds.
About 55% of US citizens live paycheck to paycheck, 36% have more credit card debt than emergency savings and 22% have no emergency savings at all.
Many people lean into credit cards not because they want to, but because they have to.